What is Erste Group Bank’s Estimate for RY FY2026 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities researchers at Erste Group Bank lifted their FY2026 earnings estimates for Royal Bank Of Canada in a note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will earn $11.52 per share for the year, up from their previous estimate of $11.45. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The firm had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the business earned $3.62 EPS. The business’s revenue was up 4.4% on a year-over-year basis.

Several other research analysts have also issued reports on the company. National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Stock Performance

Shares of NYSE:RY opened at $162.48 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $176.19. The company has a market capitalization of $227.10 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.22 and a beta of 0.79. The firm’s 50-day moving average is $167.52 and its 200 day moving average is $158.84.

Institutional Investors Weigh In On Royal Bank Of Canada

A number of institutional investors and hedge funds have recently bought and sold shares of RY. Brighton Jones LLC lifted its holdings in shares of Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock worth $279,000 after buying an additional 575 shares during the period. AQR Capital Management LLC increased its stake in shares of Royal Bank Of Canada by 60.9% during the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after buying an additional 4,460 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Royal Bank Of Canada by 57.7% in the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 1,934 shares in the last quarter. MAI Capital Management raised its holdings in shares of Royal Bank Of Canada by 99.1% in the second quarter. MAI Capital Management now owns 1,350 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 672 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in Royal Bank Of Canada in the second quarter worth about $77,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be paid a $1.64 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 4.0%. Royal Bank Of Canada’s dividend payout ratio is 45.74%.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.